I couldn't say about those of you getting it from an external source such as a DVD, and that might throw Pannie out of the equation.
Man, turn it down! We're just trying to help here...
I did have the chance to test in the same environment several cameras and Pannies had much worst reds than the rest -always thru FCP and in NTSC. Even compared with much worst cameras.
Here are the test results I got some years ago.
GS150 - NTSC - FCP5 - BAD
GS250 - NTSC - FCP5 - BAD
DVX100 - NTSC - FCP5 - BAD
Sony PD - NTSC - FCP5 - BETTER
Canon XL1 - NTSC - FCP5 - BEST
Sony HC35 - NTSC - FCP5 - BETTER
GS150 - NTSC - AVID - BETTER
GS250 - NTSC - AVID - BETTER
DVX100 - NTSC - VEGAS - BEST
GS300 - PAL - FCP5 - BEST
MD9000 - PAL - FCP5 - BEST